The case pertains to an application under Section 12(2) of the Insolvency and Bankruptcy Code (IBC) read with Regulation 40 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional sought an order for extension. The Committee of Creditors (COC) approved the extension with 100% voting. The expression of interest was advertised, and the last date for furnishing the resolution plan was 29.07.2019.
Allahabad Bank, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Ganeshom Cereals Private Limited, the Corporate Debtor. Vivek Kumar Arora, the Resolution Professional, applied for an extension of time under Section 12(2) of the IBC. The Committee of Creditors (COC) approved the extension with 100% voting. The last date for furnishing the resolution plan was 29.07.2019. The court considered the facts, circumstances, and progress of the case before granting a 90-day extension.
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CIRP initiated…
Court granted a 90-day…
The case pertains to an application under Section 12(2) of the Insolvency and Bankruptcy Code (IBC) read with Regulation 40 of the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016. The Resolution Professional sought an order for extension. The Committee of Creditors (COC) approved the extension with 100% voting. The expression of interest was advertised, and the last date for furnishing the resolution plan was 29.07.2019.
Allahabad Bank, the Financial Creditor, initiated Corporate Insolvency Resolution Process (CIRP) against M/s. Ganeshom Cereals Private Limited, the Corporate Debtor. Vivek Kumar Arora, the Resolution Professional, applied for an extension of time under Section 12(2) of the IBC. The Committee of Creditors (COC) approved the extension with 100% voting. The last date for furnishing the resolution plan was 29.07.2019. The court considered the facts, circumstances, and progress of the case before granting a 90-day extension.
CIRP initiated…
Court granted a 90-day…